My “new” 2001 MIM Strat came to me with a 1/8th inch drill hole in the front (it was drilled by the previous owner for a midi pickup). I wanted to fix it without a ton of effort, spending a bunch of money or making it worse. I posted over on Strat Talk and got some good advice. Then I got some wood glue, a toothpick and some nail polish and had at it. Came out pretty good for $2. More pics after the jump!
After filling with a piece of toothpick and some wood glue:
After two coats of nail polish: